UNITED STATES BANKRUPTCY COURT

 

 

 DISTRICT OF 

 DIVISION

 

TRUSTEE’S FINAL REPORT (TFR)

The undersigned trustee hereby makes this Final Report and states as follows:

1. A petition under chapter of the United States Bankruptcy Code was filed on

. The undersigned trustee was appointed on .

2. The trustee faithfully and properly fulfilled the duties enumerated in 11 U.S.C. §704.

3. All scheduled and known assets of the estate have been reduced to cash, released to

the debtor as exempt property pursuant to 11 U.S.C. § 522, or have been or will be abandoned

pursuant to 11 U.S.C. § 554. An individual estate property record and report showing the

disposition of all property of the estate is attached as Exhibit A.

In Re: §

§

Lawrence James Pearson § Case No. 16-25919

Angela Marie Pearson §

§

Debtors §

4. The trustee realized gross receipts of $

Funds were disbursed in the following amounts:

Payments made under an interim

disbursement

Administrative expenses

Bank service fees

Other payments to creditors

Non-estate funds paid to 3rd Parties

Exemptions paid to the debtor

Other payments to the debtor

Leaving a balance on hand of1$

____________________

1

The balance of funds on hand in the estate may continue to earn interest until disbursed. The interest earned prior to disbursement

will be distributed pro rata to creditors within each priority category. The trustee may receive additional compensation not to exceed the

maximum compensation set forth under 11 U.S.C. §326(a) on account of the disbursement of the additional interest.

UST Form 101-7-TFR (5/1/2011) (Page: 1)

0.00 

101-7-TFR /2009 170.00 1,432.88 0.51 3 NORTHERN /2011 

ILLINOIS 0.00 0.00 0.00 

A 7

08/12/2016 1,262.37 0.00 

ems Inc. 08/12/2016 EASTERN

Case 16-25919 Doc 58 Filed 03/27/19 Entered 03/27/19 08:30:38 Desc Main

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5. Attached as Exhibit B is a cash receipts and disbursements record for each estate bank

account.

6. The deadline for filing non-governmental claims in this case was and the

deadline for filing governmental claims was . All claims of each class which will

receive a distribution have been examined and any objections to the allowance of claims have

been resolved. If applicable, a claims analysis, explaining why payment on any claim is not

being made, is attached as Exhibit C.

7. The Trustee’s proposed distribution is attached as Exhibit D.

8. Pursuant to 11 U.S.C. § 326(a), the maximum compensation allowable to the trustee is

$ . To the extent that additional interest is earned before case closing, the maximum

compensation may increase.

The trustee has received $ as interim compensation and now requests a sum of

$ , for a total compensation of $ 2. In addition, the trustee received

reimbursement for reasonable and necessary expenses in the amount of $ , and now requests

reimbursement for expenses of $ , for total expenses of $ 2.

Pursuant to Fed R Bank P 5009, I hereby certify, under penalty of perjury, that the

foregoing report is true and correct.

STATEMENT: This Uniform Form is associated with an open bankruptcy case, therefore, Paperwork Reduction Act

exemption 5 C.F.R. § 1320.4(a)(2) applies.

The remaining funds are available for distribution.

Date: By:/s/Cindy M. Johnson, Trustee

Trustee

____________________

2

If the estate is administratively insolvent, the dollar amounts reflected in this paragraph may be higher than the amounts listed in the

Trustee’s Proposed Distribution (Exhibit D).

UST Form 101-7-TFR (5/1/2011) (Page: 2)

358.22 0.50 0.00 03/17/2019 0.00 358.22 10/16/2017 10/16/2017 0.50 358.22

Case 16-25919 Doc 58 Filed 03/27/19 Entered 03/27/19 08:30:38 Desc Main

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Exhibit A

FORM 1

INDIVIDUAL ESTATE PROPERTY RECORD AND REPORT

ASSET CASES

Case No: 16-25919 PSH Judge: Pamela S. Hollis Trustee Name: Cindy M. Johnson, Trustee

Case Name: Lawrence James Pearson Date Filed (f) or Converted (c): 08/12/2016 (f)

Angela Marie Pearson 341(a) Meeting Date: 09/06/2016

For Period Ending: 03/17/2019 Claims Bar Date: 10/16/2017

1 2 3 4 5 6

Asset Description

(Scheduled and Unscheduled (u) Property)

Petition/

Unscheduled

Values

Est Net Value

(Value Determined by 

Trustee, Less Liens, 

Exemptions,

and Other Costs)

Property Formally

Abandoned

OA=554(a)

Sale/Funds

Received by

the Estate

Asset Fully

Administered (FA)/

Gross Value of Remaining 

Assets

1. Void (u) 0.00 N/A 0.00 FA

2. Real Property 360,000.00 0.00 0.00 FA

3. Automobiles, trucks, trailers, and other vehicles and access 0.00 0.00 0.00 FA

4. Household goods and furnishings, including audio, video, and 750.00 0.00 0.00 FA

5. Electronics 500.00 0.00 0.00 FA

6. Equipment for sports and hobbies 500.00 0.00 0.00 FA

7. Jewelry 500.00 0.00 0.00 FA

8. Retirement or pensions accounts 11,000.00 0.00 0.00 FA

9. Cash 100.00 0.00 0.00 FA

10. Checking, savings or other financial accounts, certificates 4,000.00 3,082.88 1,432.88 FA

11. Stock and interests in incorported and unincorporated busine 0.00 0.00 0.00 FA

INT. Post-Petition Interest Deposits (u) Unknown N/A 0.00 FA

Gross Value of Remaining Assets

TOTALS (Excluding Unknown Values) $377,350.00 $3,082.88 $1,432.88 $0.00

(Total Dollar Amount in Column 6)

Major activities affecting case closing which are not reflected above, and matters pending, date of hearing or sale, and other action:

Originally appeared to be equity in home, but then debtors amended to claim exemptions in home. Originally appeared to be more equity for estate in bank account, but then 

debtor's moved around exemptions to claim more after trustee discovered true amount in bank account was over $3,000 higher than scheduled. Trustee objected to moving of 

exemption, but court denied motion. Trustee has administered all assets. Preparing final report . 

Page: 1

UST Form 101-7-TFR (5/1/2011) (Page: 3)

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Exhibit A

RE PROP # 1 -- turn over the Estate Value of bank account funds. Duplicate of asset 10. 

RE PROP # 2 -- 25834 Meadowland Circle,Plainfield IL 60585 Will County. Homestead exemption plus 

tenancy by the entirety exemption. 

RE PROP # 3 -- Acura MDX 2012 Approximate mileage 45000

RE PROP # 4 -- 2 couches, 1 refrigerator, oven, microwave, dishwasher, love seat, tv stand, chairs, 

beds, misc, tables, dishes, cookware and cooking tools, framed pictures

RE PROP # 5 -- 3 computers printe, 3 tvs, 2 tablets, two phones

RE PROP # 6 -- 2 bikesm total gym, se of golf clubs

RE PROP # 7 -- wedding rings, costume jewelry 

RE PROP # 8 -- Roth IRA Retirement account Roth IRA RBC financial

RE PROP # 9 -- Cash

RE PROP # 10 -- Checking account PNC Bank account # 4632307869 (Debtrors originally exempted 

$4,000.00 but then amended exeptions). 

RE PROP # 11 -- 14 Wrenches, LLC an Illinois LLC 100%

Initial Projected Date of Final Report (TFR): 03/30/2018 Current Projected Date of Final Report (TFR): 02/28/2019

Page: 2

UST Form 101-7-TFR (5/1/2011) (Page: 4)

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Exhibit B

FORM 2

ESTATE CASH RECEIPTS AND DISBURSEMENTS RECORD

Case No: 16-25919 Trustee Name: Cindy M. Johnson, Trustee

Case Name: Lawrence James Pearson Bank Name: BOK Financial

Angela Marie Pearson Account Number/CD#: XXXXXX0517

Checking

Taxpayer ID No: XX-XXX8738 Blanket Bond (per case limit): $5,000,000.00

For Period Ending: 03/17/2019 Separate Bond (if applicable):

1 2 3 4 5 6 7

Transaction Date Check or 

Reference

Paid To / Received From Description of Transaction Uniform Tran. 

Code

Deposits ($) Disbursements ($) Account/CD Balance 

($)

09/25/17 10 Lawrence J. Pearson

25834 Meadowland Cir

Plainfield, IL 60585-2843

Turnover of funds 1129-000 $1,432.88 $1,432.88

10/31/17 BOK Financial Bank Service Fee under 11 

U.S.C. § 330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $10.00 $1,422.88

11/30/17 BOK Financial Bank Service Fee under 11 

U.S.C. § 330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $10.00 $1,412.88

12/29/17 BOK Financial Bank Service Fee under 11 

U.S.C. § 330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $10.00 $1,402.88

01/31/18 BOK Financial Bank Service Fee under 11 

U.S.C. § 330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $10.00 $1,392.88

02/15/18 101 International Sureties, LTD

Suite 420

701 Poydras St

New Orleans, LA 70139

2018 Blanket Bond 2300-000 $0.51 $1,392.37

02/28/18 BOK Financial Bank Service Fee under 11 

U.S.C. § 330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $10.00 $1,382.37

03/30/18 BOK Financial Bank Service Fee under 11 

U.S.C. § 330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $10.00 $1,372.37

04/30/18 BOK Financial Bank Service Fee under 11 

U.S.C. § 330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $10.00 $1,362.37

05/31/18 BOK Financial Bank Service Fee under 11 

U.S.C. § 330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $10.00 $1,352.37

06/29/18 BOK Financial Bank Service Fee under 11 

U.S.C. § 330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $10.00 $1,342.37

07/31/18 BOK Financial Bank Service Fee under 11 

U.S.C. § 330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $10.00 $1,332.37

Page Subtotals: $1,432.88 $100.51

Page: 1

UST Form 101-7-TFR (5/1/2011) (Page: 5)

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Exhibit B

FORM 2

ESTATE CASH RECEIPTS AND DISBURSEMENTS RECORD

Case No: 16-25919 Trustee Name: Cindy M. Johnson, Trustee

Case Name: Lawrence James Pearson Bank Name: BOK Financial

Angela Marie Pearson Account Number/CD#: XXXXXX0517

Checking

Taxpayer ID No: XX-XXX8738 Blanket Bond (per case limit): $5,000,000.00

For Period Ending: 03/17/2019 Separate Bond (if applicable):

1 2 3 4 5 6 7

Transaction Date Check or 

Reference

Paid To / Received From Description of Transaction Uniform Tran. 

Code

Deposits ($) Disbursements ($) Account/CD Balance 

($)

08/31/18 BOK Financial Bank Service Fee under 11 

U.S.C. § 330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $10.00 $1,322.37

09/28/18 BOK Financial Bank Service Fee under 11 

U.S.C. § 330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $10.00 $1,312.37

10/31/18 BOK Financial Bank Service Fee under 11 

U.S.C. § 330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $10.00 $1,302.37

11/30/18 BOK Financial Bank Service Fee under 11 

U.S.C. § 330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $10.00 $1,292.37

12/31/18 BOK Financial Bank Service Fee under 11 

U.S.C. § 330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $10.00 $1,282.37

01/31/19 BOK Financial Bank Service Fee under 11 

U.S.C. § 330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $10.00 $1,272.37

02/28/19 BOK Financial Bank Service Fee under 11 

U.S.C. § 330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $10.00 $1,262.37

COLUMN TOTALS $1,432.88 $170.51

Less: Bank Transfers/CD's $0.00 $0.00

Subtotal $1,432.88 $170.51

Less: Payments to Debtors $0.00 $0.00

Net $1,432.88 $170.51

Page Subtotals: $0.00 $70.00

Page: 2

UST Form 101-7-TFR (5/1/2011) (Page: 6)

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Exhibit B

TOTAL OF ALL ACCOUNTS

NET ACCOUNT

NET DEPOSITS DISBURSEMENTS BALANCE

XXXXXX0517 - Checking $1,432.88 $170.51 $1,262.37

$1,432.88 $170.51 $1,262.37

(Excludes account

transfers)

(Excludes payments

to debtors)

Total Funds on Hand

Total Allocation Receipts: $0.00

Total Net Deposits: $1,432.88

Total Gross Receipts: $1,432.88

Page Subtotals: $0.00 $0.00

Page: 3

UST Form 101-7-TFR (5/1/2011) (Page: 7)

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Exhibit C

ANALYSIS OF CLAIMS REGISTER

Case Number: 16-25919 Date: March 17, 2019

Debtor Name: Lawrence James Pearson

Claims Bar Date: 10/16/2017

Page 1 Printed: March 17, 2019

Code # Creditor Name And Address Claim Class Notes Scheduled Claimed Allowed

$0.00 $358.22 $358.22

100

2100

Cindy M. Johnson

140 S. Dearborn St., Suite 1510

Chicago, Illinois 60603

Administrative

$0.00 $0.50 $0.50

100

2200

Cindy M. Johnson

140 S. Dearborn St., Suite 1510

Chicago, Illinois 60603

Administrative

2 $8,000.00 $8,201.56 $8,201.56

280

5800

Internal Revenue Service

Po Box 7346

Philadelphia, Pa 19101-7346

Priority

1 $5,500.00 $5,329.34 $5,329.34

300

7100

Discover Bank

Discover Products Inc

Po Box 3025

New Albany, Oh 43054-3025

Unsecured

3 $271.00 $392.62 $392.62

300

7100

Quantum3 Group Llc As Agent For

Moma Funding Llc

Po Box 788

Kirkland, Wa 98083-0788

Unsecured

4 $11,132.00 $11,424.92 $11,424.92

300

7100

Wells Fargo Bank, N.A.

Wells Fargo Card Services

Po Box 10438, Mac F8235-02F

Des Moines, Ia 50306-0438

Unsecured

5 $2,574.00 $1,573.10 $1,573.10

300

7100

Navient Solutions, Llc.

220 Lasley Ave

Wilkes-Barre, Pa 18706

Unsecured

6 $0.00 $98.23 $98.23

300

7100

Verizon

By American Infosource Lp As 

Agent

4515 N Santa Fe Ave

Oklahoma City, Ok 73118

Unsecured

2a $0.00 $1,260.75 $1,260.75

380

7300

Internal Revenue Service

Insolvency Department

Po Box 21125

Philadelphia, Pa 19114

Unsecured

Case Totals $27,477.00 $28,639.24 $28,639.24

UST Form 101-7-TFR (5/1/2011) (Page: 8)

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Exhibit C

ANALYSIS OF CLAIMS REGISTER

Case Number: 16-25919 Date: March 17, 2019

Debtor Name: Lawrence James Pearson

Claims Bar Date: 10/16/2017

Page 2 Printed: March 17, 2019

Code#: Trustee’s Claim Number, Priority Code, Claim Type (UTC)

UST Form 101-7-TFR (5/1/2011) (Page: 9)

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TRUSTEE’S PROPOSED DISTRIBUTION

Exhibit D

Case No.: 16-25919

Case Name: Lawrence James Pearson

Angela Marie Pearson

Trustee Name: Cindy M. Johnson, Trustee

Claims of secured creditors will be paid as follows:

NONE

Applications for chapter 7 fees and administrative expenses have been filed as follows:

Applications for prior chapter fees and administrative expenses have been filed as follows:

NONE

In addition to the expenses of administration listed above as may be allowed by the Court,

priority claims totaling $ must be paid in advance of any dividend to general (unsecured)

creditors.

Allowed priority claims are:

Balance on hand $

Reason/Applicant Total Requested

Interim Payments

to Date

Proposed

Payment

Trustee Fees: Cindy M. Johnson $ $ $

Trustee Expenses: Cindy M. Johnson $ $ $

Total to be paid for chapter 7 administrative expenses $

Remaining Balance $

Claim No. Claimant

Allowed Amount

of Claim

Interim Payments

to Date

Proposed

Payment

2 Internal Revenue Service $ $ $

UST Form 101-7-TFR (5/1/2011) (Page: 10)

0.00 0.50 8,201.56 903.65 358.72 358.22 8,201.56 0.50 0.00 903.65 0.00 1,262.37 358.22

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The actual distribution to wage claimants included above, if any, will be the proposed payment

less applicable withholding taxes (which will be remitted to the appropriate taxing authorities).

Timely claims of general (unsecured) creditors totaling $ have been allowed and will

be paid pro rata only after all allowed administrative and priority claims have been paid in full. The

timely allowed general (unsecured) dividend is anticipated to be percent, plus interest (if

applicable).

Timely allowed general (unsecured) claims are as follows:

Tardily filed claims of general (unsecured) creditors totaling $ have been allowed and will

be paid pro rata only after all allowed administrative, priority and timely filed general (unsecured) claims

have been paid in full. The tardily filed claim dividend is anticipated to be percent.

Tardily filed general (unsecured) claims are as follows:

NONE

Total to be paid to priority creditors $

Remaining Balance $

Claim No. Claimant

Allowed Amount

of Claim

Interim Payments

to Date

Proposed

Payment

1 Discover Bank $ $ $

3

Quantum3 Group Llc As

Agent For $ $ $

4 Wells Fargo Bank, N.A. $ $ $

5 Navient Solutions, Llc. $ $ $

6 Verizon $ $ $

Total to be paid to timely general unsecured creditors $

Remaining Balance $

UST Form 101-7-TFR (5/1/2011) (Page: 11)

0.00 0.00 18,818.21 0.00 0.00 0.00 0.00 0.0 392.62 11,424.92 5,329.34 1,573.10 98.23 0.00 0.0 0.00 0.00 0.00 0.00 0.00 903.65 0.00 0.00

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Subordinated unsecured claims for fines, penalties, forfeitures, or damages and claims ordered

subordinated by the Court totaling $ have been allowed and will be paid pro rata only after all

allowed administrative, priority and general (unsecured) claims have been paid in full. The dividend for

subordinated unsecured claims is anticipated to be percent.

Subordinated unsecured claims for fines, penalties, forfeitures or damages and claims ordered

subordinated by the Court are as follows:

Claim No. Claimant

Allowed Amount

of Claim

Interim Payments

to Date

Proposed

Payment

2a Internal Revenue Service $ $ $

Total to be paid to subordinated unsecured creditors $

Remaining Balance $

UST Form 101-7-TFR (5/1/2011) (Page: 12)

0.0 1,260.75 1,260.75 0.00 0.00 0.00 0.00

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